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FERNS PARADISE AGM July 15th, 2012

FERNS PARADISE AGM July 15th, 2012. Presentation By Management committee. AGENDA. President’s Address Annual Report Financials Adoption of Audited Accounts Adoption of proposed Operational Budget for FY 2012-13 Adoption of Revised Layout Maintenance charge w.e.f. FY 2012 .

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FERNS PARADISE AGM July 15th, 2012

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  1. FERNS PARADISE AGM July 15th, 2012 Presentation By Management committee AGM, July 15th, 2012

  2. AGENDA • President’s Address • Annual Report • Financials • Adoption of Audited Accounts • Adoption of proposed Operational Budget for FY 2012-13 • Adoption of Revised Layout Maintenance charge w.e.f. FY 2012 AGM, July 15th, 2012

  3. AGENDA (Cont’d) Appointment of Auditor and Fixing remuneration FP Audit Committee report Outstanding Issues/concerns Any other matter with the permission of the Chair. LUNCH BREAK 8. Election of New Management Committee Members AGM, July 15th, 2012

  4. President’s Address AGM, July 15th, 2012

  5. ANNUAL REPORT – 2012Major Achievements Financial Status Association Office Building Road Work Beautification of Main Street Tree Plantation Across the Layout Basket Ball Court Refurbished Playground Prepared STP Stabilized & Water being utilized for Gardening Ph-3 to Ph-2 connection for better distribution of water. Entertainment /Social Events Apna Complex: Ferns Paradise Web Portal AGM, July 15th, 2012

  6. ANNUAL REPORT – 2012Major Achievements (Cont’d) • Agreement with FBD for FP Club House • CCTVs installed at Gate and Club. • Gym Equipment Upgraded • Swimming Pool Maintenance • Wheelchair Access in Club House • Computer & Furniture for office & Club House • Children Park Renovation • Rain Water Harvesting Initiatives • LED Street Lights Installation • Benches for Walkers AGM, July 15th, 2012

  7. Adoption Of Audited Accounts • Accounts of FY 11-12 have been closed and have been audited • Balanced Sheet, I & E Statements along with the Audit Report have been sent to all members • It is now proposed for adoption. AGM, July 15th, 2012

  8. Financial Update for 2011-2012 AGM, July 15th, 2012

  9. Collection Update Layout Rs, Lacs FY 11-12 FY 12-13 (as on Jun,12) Billed Collected Billed Collected Ph 1 35.26 32.03 35.17 24.39 Ph 2 23.66 11.17 23.51 8.40 Ph 3 7.04 2.74 6.0 0.53 Advance 4.16 3.69 Total 65.9750.11 64.66 37.02 (57%) Arrears collected 7.0 14.27* Total Collection 57.13 51.29 (with arrears) *(10.87+3.40) AGM, July 15th, 2012

  10. Expenditure Statement Layout Expenses Rs, Lacs Item Annual 11-12 Annual 12-13(projected) Salaries 6.0 7.0 Electricity 7.0 8.0 Maintenance 16.0 19.0 Security 14.3 16.0 Office 1.5 1.8 Others 1.7 2.0 TOTAL 46.5 53.8 Capital Exp/Projects 7.4 7.9 (actuals) AGM, July 15th, 2012

  11. Collections Update Club House Rs, Lacs FY 11-12 FY 12-13 (as of Jun,2012) Billed Collected Billed Collected Ph1 13.60 12.48 13.48 7.82 Ph 2 6.08 5.46 6.40 3.70 Ph3 3.23 0.88 3.60 0.32 Advance 2.24 2.24 Total 22.91 21.06 23.48 14.08 (56%) Arrears Collected 6.00 1.04 Total 27.06 15.12 (With Arrears ) AGM, July 15th, 2012

  12. Club House Expenses Rs, Lacs Item Annual 11-12 Annual 12-13(projected) Salary 1.2 2.5 Electricity 1.8 2.0 Celebrations 1.5 2.5 Maintenance 1.5 2.0 Security 2.0 1.5 Swimming pool 1.5 2.0 Others 0.1 0.2 Payment to FC 5.7 5.7 TOTAL 15.3 18.4 Property Tax w/Arrears 4.0 Capital Exp/Projects 0.8 0.5 AGM, July 15th, 2012

  13. Finance Update (Cont’d) BankBalances as on date Current A/c FDs Total Club 15.1 10.0 25.1 Layout Maint 16.5 30.0 46.5 III Phase Maint 5.6 5.6 PLUS Average Outflow: Club House         Rs 1.0 Lacs/- pm Maintenance         Rs 4.2 Lacs /-pm Rs, Lacs Corpus fund declared as on date : Rs 60 Lacs AGM, July 15th, 2012

  14. Layout Maintenance-Projections Projections for Fiscal year 2012-13   - Income Surplus as on March 31st, 2012 23.0 Arrears collected In 12-13 (till date) 14.5 Projected Collections @ 80% 51 .0 TOTAL INCOME 88.5* (*Excluding water charges) Rs, Lacs Projections for Fiscal year 2012-13   - Expenses Operational Expenses 47.6* Capital Expenses/Projects 27.0 Corpus Fund 2012-13 20.0 Contingency 5.0 TOTAL EXPENSES 99.6 (*Excluding bore well electricity, stp consumables approx 6 lacs) Shortfall is Rs 11.1 Lacs which can be met by Rs 1.0 per sq ft increase in maintenance AGM, July 15th, 2012

  15. Proposal to Revise the Layout Maintenance Charges 2012-2013 • Increase Maintenance charges by Re. 1 per sq ft for built and under construction plots (making itRs 6 per sqft) • Increase maintenance charges by Re. 1 per sq ft for Vacant sites (Making it Rs 5 per sqft) • This will add Rs.11.2 lacs (@80% Collection) AGM, July 15th, 2012

  16. Proposal for Approval • To adopt the revised maintenance charges with amendments if any AGM, July 15th, 2012

  17. AGENDA (Cont’d) • Appointment of External Auditor and Fixing remuneration • FP Audit Committee report AGM, July 15th, 2012

  18. Suggested Projects-Estimates Rs, Lacs Layout Total Rs 20 Lacs Street Light Backup 10.0 STP tanker 1.0 PC Backup 0.5 Landscaping 1.0 Electrical replacement 1.0 Ground water recharge 1.5 2nd Storage sump 5.0 Clubhouse Total Rs 13.5 Lacs Pool motors to be changed 1.0 New Gym Equipment 2.5 Terrace Covering 10.0 AGM, July 15th, 2012

  19. Outstanding Issues and Concerns • Renewal of FC Club House Tripartite Agreement  • Cauvery Water Supply • Strengthening of Bye-Laws & NOC Guidelines • Pollution Update AGM, July 15th, 2012

  20. THANK YOU AGM, July 15th, 2012

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